Housing Wire

JULY 13, 2021

Competition between would-be homebuyers is still high, but an increase in homes hitting the market in June brought some relief from bidding wars. Per a recent Redfin study , 65% of home offers written by company agents in June faced competition, down from a rate of 72.1% in May and a peak of 74.1% in April. That’s still higher than the 56.8% bidding-war rate Redfin saw in June 2020, when the housing market was starting to rebound from a temporary standstill triggered by pandemic shutdowns,

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Inventory Housing Market Real Estate Agent Buyers 500

Appraisal Buzz

JULY 13, 2021

For the 12th consecutive month, Ginnie Mae issuance volume has surpassed the $70 billion mark, assisting 272,000-plus homeowners and renters with financing in June. The post Ginnie Mae Issues $72 Billion in MBS, Publishes RFI appeared first on DSNews. The post Ginnie Mae Issues $72 Billion in MBS, Publishes RFI appeared first on Appraisal Buzz.

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Finance Appraisal 370

Housing Wire

JULY 13, 2021

Lisa Dunn was on her way to the American Automobile Association headquarters in Mission Viejo, California when her phone started blowing up. It was July 1, and the U.S. Department of Justice had just fired off a press release saying it withdrew from a antitrust settlement hammered out last November with the National Association of Realtors (NAR), the trade group that represents the vast majority of U.S. real estate agents and spends more annually on lobbying the federal government than any organ

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Real Estate Agent Real Estate Agents Realtors 410

Appraisal Buzz

JULY 13, 2021

CoreLogic’s Loan Performance Insights Report for April 2021 shows that 4.7% of all mortgages in the U.S. were in some stage of delinquency, representing a 1.4-percentage point decrease compared to April 2020, when it was 6.1%. This month’s overall delinquency marks the lowest rate in a year, the company says. In April, the U.S. delinquency and transition rates, and their year-over-year changes, were as follows: Early-Stage Delinquencies (30 to 59 days past due): 1%, The post CoreLogic: Mortgage

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Mortgage Appraisal 370

Housing Wire

JULY 13, 2021

Guaranteed Rate has found another dance partner. And Compass is borrowing from the playbook of its most visible direct competitor. Guaranteed Rate, the Chicago-based mortgage lender , and Compass, the New York City-headquartered residential real estate brokerage , “entered into a definitive agreement to form OriginPoint , a new mortgage origination company,” according to a press release Tuesday.

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Brokerage Real Estate Agents Clients 295

Appraisal Buzz

JULY 13, 2021

There are many reasons why appraising green homes is recommended for residential real estate appraisers. For one, green residential properties are gaining popularity throughout the U.S. Additionally, green home appraisers offer a unique skill set for which they can charge higher fees, and they get to do exciting, challenging work. In this post, we lay out the steps needed to establish yourself in this profitable and increasingly popular niche.

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Appraisal Real Estate 370

Appraisal Buzz

JULY 13, 2021

Researchers credit recovery on the jobs and income front with enabling more homeowners to resolve their unsettle-payment status. The post Delinquency-Rate Milestone: First YOY Decrease Since March 2019 appeared first on DSNews. The post Delinquency-Rate Milestone: First YOY Decrease Since March 2019 appeared first on Appraisal Buzz.

Appraisal 370

Appraisal 370

Realtor

JULY 13, 2021

Getty Images Buyers, we know it’s hard out there for you right now. In our current seller’s market, the national inventory of active listings is down 43.1% year over year, according to the Realtor.com June 2021 Housing Market Trends Report. And a scarcer selection means people are paying more, too, with listings up 12.7% in price. All of this demand means buyers are going to ever-greater lengths to make their offer stand out.

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Inspection Real Estate Agent Real Estate Buyers 203

Appraisal Buzz

JULY 13, 2021

Mortgage rates are coming off a solid performance last week after having moved to the lowest levels in 5 months by Thursday afternoon. This week is shaping up to be a bit different , however. In fact, as of this afternoon, the average lender has lost most of last week’s improvements. What’s behind the volatility? There are both general and specific considerations.

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Appraisal Mortgage Marketing 370

Eyes on Housing

JULY 13, 2021

In June, consumer prices increased at the fastest pace in the past 13 years. The recent surge in inflation mainly reflect increases in a few sectors influenced by the pandemic shutdown and rebounding demand as the economy fully reopens. The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) rose by 0.9% in June on a seasonally.

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Appraisal Buzz

JULY 13, 2021

Tim Anderson has joined Evolve Mortgage Services , a provider of onshore outsourced mortgage services, as executive vice president, director e-mortgage strategy. A thought leader and frequently sought-after expert on digital mortgages, Anderson has received multiple industry awards and accolades over his 35-year career. He has held leadership roles at Black Knight, DocMagic and Pavaso, and most recently served as senior vice president and director of digital strategy at MortgageConnect.

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Technology Mortgage Appraisal 370

McKissock

JULY 13, 2021

There are many reasons why appraising green homes is recommended for residential real estate appraisers. For one, green residential properties are gaining popularity throughout the U.S. Additionally, green home appraisers offer a unique skill set for which they can charge higher fees, and they get to do exciting, challenging work. In this post, we lay out the steps needed to establish yourself in this profitable and increasingly popular niche.

Appraisal 77

Appraisal Architecture Real Estate Clients 77

Appraisal Buzz

JULY 13, 2021

Partial claims, home equity, and 40-year loans—researchers home in on the keys to smoother forbearance exits and foreclosures. The post Tweaking the Loss Mitigation Toolkit appeared first on DSNews. The post Tweaking the Loss Mitigation Toolkit appeared first on Appraisal Buzz.

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Appraisal 284

BiggerPockets

JULY 13, 2021

Being a successful landlord doesn’t come overnight. Effective landlords with the most lucrative tenancies create their success by developing certain habits.

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Landlords Development 86

Appraisal Buzz

JULY 13, 2021

If the sticker shock of a new home isn’t jarring alone, an analysis of home projects has found that a typical home can require an additional $30K on top of the sale. The post New Homeowners Surprised by Unexpected Costs appeared first on theMReport.com. The post New Homeowners Surprised by Unexpected Costs appeared first on Appraisal Buzz.

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Appraisal 195

BiggerPockets

JULY 13, 2021

Whether you’re a landlord with experience managing properties or you simply enjoy the industry and want to be more involved, owning a property management company could be a lucrative opportunity. But like any financial venture, it requires business acumen.

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Property Management Landlords Business 74

Appraisal Buzz

JULY 13, 2021

Bidding wars are beginning to simmer down, as more potential homebuyers are growing weary of being priced out of a still-competitive market. The post Buyer Fatigue Pushing Down Homebuyer Interest appeared first on DSNews. The post Buyer Fatigue Pushing Down Homebuyer Interest appeared first on Appraisal Buzz.

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Buyers Appraisal Marketing 195

Lamacchia Realty

JULY 13, 2021

5 THINGS FIRST TIME. HOME BUYERS SHOULD KNOW. Buying a home for the first time is a whirlwind. Especially over the past year where we had tightest market ever experienced and the demand for homes was higher than ever. In fact, many put off buying a home because they were afraid they do not have the knowledge or capability to do so. As we start to see the light at the end of the tunnel and the market is beginning to shift, many are realizing that’s not true at all!

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Buyers Realtors Realty Marketing 74

Appraisal Buzz

JULY 13, 2021

In this role, Lionel Etrillard will leverage two decades’ experience to drive the property data company’s financial strategic vision, ATTOM reports. The post ATTOM Names Tech-Savvy Veteran Finance Executive as CFO appeared first on theMReport.com. The post ATTOM Names Tech-Savvy Veteran Finance Executive as CFO appeared first on Appraisal Buzz.

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Finance Appraisal 195

Berkshire Hathaway

JULY 13, 2021

Who would have thought that we would be debating whether wallpaper is worth the cost but here we are! Wallpaper has returned and we don’t see it leaving anytime soon so we might as well embrace it but figure out how to get the look in a cost-effective way because with the comeback with wallpaper has also come the rise in price. If you go with the more expensive permanent wallpaper you are stuck with weighing the option of whether it is going to hurt or help you when you go to sell your home, go

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Investing Buyers Decorating 68

Appraisal Buzz

JULY 13, 2021

Lendsmart, an AI-driven digital lending platform, has integrated with Freddie Mac Loan Product Advisor, the GSE’s automated underwriting system (AUS). “Lendsmart’s software predicts the credit and underwriting conditions required in the loan origination process by pinning them to a borrower’s data in real-time, rather than making the borrower wait 45 days to get an email from the underwriter,” says AK Patel, founder and CEO of Lendsmart.

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Lending Appraisal 195

BiggerPockets

JULY 13, 2021

Experian has partnered with a game-changing nonprofit to create a way for all Americans to build credit easily—through rentals. How can this help renters? Learn more here.

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Landlords Real Estate 69

Appraisal Buzz

JULY 13, 2021

Compass Inc., an independent brokerage and real estate technology company, and Guaranteed Rate Inc., a retail mortgage company, have entered into a definitive agreement to form OriginPoint, a new mortgage origination company. Guaranteed Rate is the number-one non-bank lender for Compass agents, and both companies have deep expertise in the jumbo space.

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Mortgage Retail Brokerage Real Estate 195

Berkshire Hathaway

JULY 13, 2021

Summer is just getting ramped up so there is still plenty of time for you to have the backyard of your dreams! Even better news it doesn’t need to take a big renovation or a lot of money. We’ve put together a list below of some great ideas that will help give your yard that perfect facelift. Hanging simple string lights can make a major impact. And, if you don’t have trees to hang them from, there are plenty of DIY pole ideas on Pinterest that will give you the look you’re going for!

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Renovations Design 67

Appraisal Buzz

JULY 13, 2021

Redfin reports that the bidding-war rate remains higher than it was a year ago, but has dropped to 65% from its peak earlier this year. The post Bidding Wars Begin to Cool Down appeared first on theMReport.com. The post Bidding Wars Begin to Cool Down appeared first on Appraisal Buzz.

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Appraisal 150

BiggerPockets

JULY 13, 2021

When most people think of USDA loans, they tend to think of farmland or some very, very rural house in the middle of nowhere. While this can be the case […].

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Real Estate 69

Appraisal Buzz

JULY 13, 2021

For a second consecutive year, Boulder, Colorado took top spot in the U.S. News & World Report’s annual “Best Places to Live in the United States” list. The report ranks the country’s 150 most populous metropolitan areas based on affordability, job prospects, and desirability. Behind Boulder, Raleigh & Durham, North Carolina took No. 2, jumping nine … The post Ranked: Best Places to Live appeared first on theMReport.com.

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Appraisal 195

Mashvisor

JULY 13, 2021

What if your investment property search takes you down a quiet road to a cul de sac house? You might wonder, what is a cul de sac?

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Investing Investors 74

Appraisal Buzz

JULY 13, 2021

Recently, I had a scary experience while taking comp photos. I live in a very rural area where there are a lot of people who are very protective about their … Read More. The post Driving Comps Can Be Risky Business appeared first on Appraisal Buzz.

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Business Appraisal 195

Mortgagebroker News

JULY 13, 2021

Speaking with CMP, the deputy chief economist gave his view on the highly anticipated statement

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Berkshire Hathaway

JULY 13, 2021

We have talked and talked about how it is a seller’s market and how with the low inventory rate and high buyer demand, homes today are selling above the asking price at a record rate. According to NAR: Homes typically sell within 17 days. The average home sold has five offers to pick from. 54% of offers are over the asking price. Home prices are being driven up because of so many buyers competing for the same homes, but it is important even with the hot seller’s market that it is to make sure th

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Buyers Inventory Real Estate Marketing 53

Mortgagebroker News

JULY 13, 2021

The latest tranche of federal investment is expected to fulfill the market’s pressing housing needs

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Investing 69

Housing Wire

JULY 13, 2021

Over the course of the last year, the mortgage industry has seen increases in origination volumes and decreases in released servicing bids. This has caused servicing portfolios to grow to represent the largest single asset on many lenders’ balance sheets, making it critical to keep a pulse on the value of servicing rights. Lenders reported significant origination volume in the first quarter of 2021, but as rates change and the market shifts to a more purchase-driven origination environment, lend

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Valuation Tools Technology Lending 432

Mortgagebroker News

JULY 13, 2021

The Ottawa Real Estate Board is reporting signs of "normalizing" sales activity

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Real Estate 76